Eni and Saipem sign a Memorandum of Understanding for decarbonization projects in Italy

by with No Comment News

Eni’s CEO, Claudio Descalzi, and Saipem’s CEO, Stefano Cao, today signed a Memorandum of Understanding (MoU) to cooperate on the identification and engineering of decarbonisation initiatives and projects in Italy. In particular, the companies intend to identify possible opportunities for collaboration in the sector of the carbon capture, utilization and storage (CCUS) of CO2 produced by industrial districts in the Italian territory.

The objective is to contribute towards the decarbonisation process of entire production chains, particularly those of the highest energy intensity by taking clear steps with immediate action to combat climate change and to achieve CO2 reduction targets at national, European and global level.

Through the MoU, Eni and Saipem will also evaluate participation in programs financed by the European Union as part of the Green Deal Strategy, proposing the possible inclusion of specific initiatives within the plan for the use of funds intended to support Member States of the ‘European Union in the post-COVID-19 phase (“Recovery and Resilience Fund”).

Eni is committed to responding to the challenge of improving access to reliable and clean energy, counteracting climate change through concrete, rapid and economically sustainable solutions. Eni’s strategy combines the objectives of continuous development in a rapidly evolving energy market with a significant reduction in its carbon footprint.

Saipem is a provider of solutions aimed at enabling the hybridization and decarbonization of energy-intensive production complexes. It boasts a consolidated experience and solid skills in the construction of plants linked to the CO2 chain, with the ability to also act as an integrator of processes and technologies, taking into account the expertise and experience gained in the management of CCUS processes on multiple industrial complexes. Over the years, Saipem has designed more than 70 plants for the capture of CO2 and over 40 plants for the subsequent transformation into urea.

Claudio Descalzi, CEO of ENI, stated: “Through this strategic agreement, Eni intends to strengthen its leadership in the energy transition process, accelerating the evolution of its business model that combines economic and financial sustainability with environmental sustainability. The adoption of technological solutions for decarbonization such as carbon capture, utilization and storage, will be fundamental in the energy transition of the country, and Eni can provide unique skills and expertise in managing production processes and in the fight against climate change”.

Saipem’s Chief Executive Officer, Stefano Cao, commented: “The agreement signed with Eni strengthens Saipem’s role as a leading player in the CO2 capture, transport, reuse and storage sector. We are able to propose concrete solutions to support the process of reducing carbon dioxide emissions of the energy and production chains of the industrial districts in Italy and contribute to the achievement of ambitious national and European objectives. These solutions require a high level of specialization, competence and experience in this sector that Saipem has developed over the years and is ready to make available in its contribution to Italy’s sustainable recovery and in supporting the technological and industrial supply chain”.

The present Understanding could be subject to subsequent binding actions that the parties involved will define according to the applicable law, included that which regulates operations among related parties.

Source: saipem.com

65 KM LONG OF SEWAGE NETWORKS FOR AL-HALAQA AL-GHARBIYA AND QAYYEM, TAIF TO SERVE 78,000 BENEFICIARIES

by with No Comment News

National Water Company “NWC” announced awarding the construction project of completing sewage system in Al-Halaqa Al-Gharbiya and Qayyem districts, Taif Governorate, as part of its strategic plans to achieve its development objectives building its infrastructure and improving environmental services in these areas, at a financial cost of more than 96m Saudi Riyals.

Engineer Mohammed bin Saleh Al-Ghamdi, Head of the Western Sector, elaborated that the company acted on the implementation of several development projects related to the water and environmental sectors, pointing out that it considered the balance, integration, and continuity of operating efficiency, while improving and sustaining the services provided in several cities and governorates of Makkah Region.

Al-Ghamdi noted that the awarded project would include the implementation of main lines, networks, and household connections at lengths of 65.6 km, and a total connection of 4,100 household connections to connect real properties to the public network, to serve 78,000 beneficiaries. He pointed out that the project aims to improve environmental services and develop infrastructure in the region, in addition to increasing the operational efficiency of the water and environmental sectors in accordance with the highest standards of quality and performance and achieving the well-being of citizens in line with the Saudi Arabian Vision 2030.

Source: nwc.com.sa

ADNOC Awards Occidental Onshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round

by with No Comment News

The Abu Dhabi National Oil Company (ADNOC) announced, today, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental, a US-based international oil and gas exploration and production company.

The award has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) and follows the SPC’s endorsement last month for ADNOC to begin awarding exploration blocks in Abu Dhabi’s second competitive block bid round.

This award to Occidental represents a further deepening of the UAE-USA strategic bilateral relationship as well as the continued expansion of ADNOC’s strategic partnerships with those who can provide technology and capabilities, capital and access to key growth markets for the company’s crude oil and products.

Occidental will hold a 100 percent stake in the exploration phase, investing up to AED 514 million ($140 million), including a participation fee, to explore for and appraise oil and gas opportunities in the block that covers an onshore area of 4,212 square kilometers southeast of Abu Dhabi city. New 3D seismic data has been acquired over a large part of the block, which combined with its proximity to the existing onshore oil and gas fields, suggests the concession area has promising potential.

Following a successful commercial discovery during the exploration phase, Occidental will have the right to a production concession to develop and produce such commercial discoveries. ADNOC has the option to hold a 60 percent stake in the production phase of the concession. The term of the production phase is 35 years from the commencement of the exploration phase. Onshore Block 5 offers the potential to create significant in-country value for the UAE over the lifetime of the concession.

The exploration concession agreement was signed by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, and Vicki Hollub, President and CEO of Occidental.

H.E. Dr. Al Jaber said: “We are very pleased to once again collaborate with Occidental and strengthen our long-standing partnership. This concession award highlights the important role of energy cooperation in deepening the strong and deep-rooted strategic relationship between the UAE and the US. Crucially, the award underscores the attractiveness of Abu Dhabi’s huge untapped resource potential and ADNOC’s ability to continue to secure foreign direct investment to the UAE’s stable and trusted business environment, despite tough market conditions.

“Occidental was selected after a very competitive bid round that builds on the success of our debut bid round completed last year as part of Abu Dhabi’s block licensing strategy aimed at accelerating the exploration and development of our substantial hydrocarbon resources. This onshore block offers new areas with significant amounts of conventional oil and gas potential, and the award signals ADNOC and Abu Dhabi’s drive to remain a long-term and reliable energy provider to the world.”

In addition to drilling exploration and appraisal wells, the exploration phase will see Occidental leverage and contribute financially and technically to ADNOC’s mega seismic survey, which is already acquiring seismic data within the block area. This world’s largest 3D seismic survey is deploying industry-leading technologies to capture high-resolution 3D images of the complex geology up to 25,000 feet below the surface and will be used to identify potential hydrocarbon reservoirs.

Vicki Hollub, President and CEO, Occidental, said: “We are honored to partner with ADNOC on a second exploration concession contiguous to Onshore Block 3, where we have completed two exploration wells with extremely promising results. We see significant potential in Onshore Block 5 and, in partnership with ADNOC, will continue to work to help unlock the vast untapped resources in Abu Dhabi.”

All exploration activities in Abu Dhabi are carefully planned to mitigate any potential impacts through the implementation of protection measures, the use of advanced techniques and technologies, and stakeholder engagement to minimize drilling activities in populated or environmentally sensitive areas.

ADNOC launched Abu Dhabi’s second competitive block bid round in 2019, offering a set of major onshore and offshore blocks, on behalf of Abu Dhabi’s SPC. Based on existing data from detailed petroleum system studies, seismic surveys, exploration and appraisal wells data, estimates suggest the blocks in this second bid round hold multiple billion barrels of oil and multiple trillion cubic feet of natural gas.

This award comes a few weeks after the SPC announced the discovery of recoverable unconventional oil resources estimated at 22 billion stock tank barrels (STB) and an increase in conventional oil reserves of 2 billion STB which boosted the UAE’s conventional reserves to 107 billion STB.

In February 2019, Occidental was awarded an onshore block in Abu Dhabi’s first competitive bid round. Occidental continues to explore for oil and gas in the block known as Onshore Block 3 that covers an area of 5,782 square kilometers in the Al Dhafra region of Abu Dhabi.

Source adnoc.ae

Daewoo Shipbuilding & Marine Engineering wins orders for 3 ultra-large crude oil carriers worth 282 billion won

by with No Comment News

Daewoo Shipbuilding & Marine Engineering has won orders for 3 super-sized crude oil carriers, and is doing its best to secure work until the end.

On the 3rd, Daewoo Shipbuilding & Marine Engineering (CEO Lee Seong-geun) announced on the 3rd that it has won an order for 3 super-large crude oil carriers from Abu Dhabi National Oil Company (ADNOC), Abu Dhabi, United Arab Emirates.

The ultra-large crude oil carrier ordered this time is a ship that satisfies the EEDI Phase 2 (Energy Efficiency Design Index), a greenhouse gas emission regulation that has been applied by IMO, an international maritime organization, and built at the Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering. It is expected to be delivered to shipowners by the first quarter of 2023.

An official from Daewoo Shipbuilding & Marine Engineering said, “Adnoc is the first to order a super-large crude oil carrier to a Korean shipyard, and it is a company that is expected to place additional orders for other types of ships in the future.” The contract is included, so we will do our best to build the highest quality ships and maintain a lasting friendly relationship.”

Instead of installing a scrubber, which is a desulfurization device, the ship uses low-sulfur oil, or it includes an option to change to a dual-fuel propulsion ship that can use liquefied natural gas (LNG) as ship fuel in the future. When it is decided as an LNG-propelled ship, it is expected that a high-pressure dual fuel propulsion engine (ME-GI engine) and a fuel tank using high manganese steel will be applied to the world’s first ultra-large crude oil carrier.

As demand for LNG-powered tankers is expected to increase in line with expectations for a global economic recovery and eco-friendly stance, Daewoo Shipbuilding & Marine Engineering, which has the best technology in the ultra-large crude oil carrier field, is expected to benefit. In addition, it is expected to accelerate the decarbonization of the company’s final goal. According to Clarkson Research (as of the end of November), Daewoo Shipbuilding & Marine Engineering has built 161 of the 834 ultra-large crude oil carriers currently in operation based on a single shipyard.

On the other hand, Daewoo Shipbuilding & Marine Engineering has won orders worth about $40.6 billion this year for a total of 21 ships including 9 LNG carriers (including LNG-FSU and FSRU), 4 container ships, 2 shuttle tankers, 5 VLCCs, and 1 VLGC. About 56.3% of the target was achieved. End.

Source: dsme.co.kr

MODEC selects SUEZ for FPSO seawater process plant

by with No Comment News

SUEZ – Water Treatment & Technologies has been awarded a multi-million dollar contract by MODEC Offshore Production Systems (“MODEC”) for the supply of a seawater injection system including sulphate removal technology (SRU). The equipment will be located onboard a converted floating production, storage, and offloading (FPSO) vessel that MODEC is constructing on behalf of Woodside Energy (as operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore joint venture) for the Sangomar oilfield located approximately 100km south of Dakar, Senegal.  

“This award marks the third SRU contract awarded by MODEC to SUEZ and is a sign of our growing and important relationship with the company,” said Kevin Cassidy, executive vice president, engineered systems for SUEZ – Water Technologies & Solutions. “SUEZ is unique in the offshore oil industry because of our ability to manufacture membranes while also designing and building the process plants that use them. This contract is further validation that our technology drives value and optimizes performance for FPSO operators.”

The award is for the design and supply of the complete seawater treatment plant with a 23,000m3/day capacity, including coarse filtration, ultrafiltration (UF), nanofiltration (NF) and vacuum deoxygenation equipment. Site requirements call for the plant to produce water with sulphate levels below 40ppm.

SUEZ is a leading manufacturer and supplier of the UF and NF membranes that the offshore oil & gas industry relies on to remove sulphates and other divalent hardness ions from injection water, to enhance oil recovery. The removal of these ions reduces the tendency of barium sulphate and strontium sulphate scale to form in the reservoir and flowlines, plus will prevent well souring by controlling sulphate reducing bacteria.

The contract includes project management, procurement, construction supervision, and delivery to MODEC’s integration yard.

Source: www.suezwatertechnologies.com

NWC: SIGNING THE FIRST OPERATION AND MAINTENANCE MANAGEMENT CONTRACTS WITH A SAUDI FRENCH PHILIPPINE CONSORTIUM

by with No Comment News

The National Water Company “NWC” announced today signing of the first management contract with the private sector to operate water and environmental treatment services in the northwestern cluster, which includes the regions of Medina and Tabuk, integrated under the umbrella of the company that signed with a Saudi-French-Philippine consortium at a cost of more than 198m Saudi Riyals ($52.5 million), for a period of seven years.

H.E. Engr. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water and Agriculture, NWC Chairman of the Board of Directors, oversaw the signing ceremony between Engr. Mohammed bin Ahmed Al-Mowkely the CEO of NWC with representatives of the consortium; Saudi Arabia’s Miyahuna, French Groupe Saur, and Manila Water of the Philippines. 

The contract will contribute to improving services, operational performance and the level of operations at the sector level in general, including operational efficiency and technical knowledge, quality and availability of services and maintenance requirements, ensuring the sustainability of the service to the customer.

“The national water strategy included restructuring water services, involving the private sector, and the company has begun restructuring by merging 13 administrative districts to operate under the umbrella of 6 sectors” said NWC’s CEO Mohamed Bin Ahmed Al-Mowkely. 

Al-Mowkely pointed out that one of the most important pillars of the Saudi Arabian Vision 2030 is the welfare of the citizen, the quality of the services provided to him, and that from this vision emerged the National Water Strategy 2030, and from it, emerged the strategy of the National Water Company, which developed detailed plans to upgrade the water distribution sector in the Kingdom, in partnership with the private sector to ensure financial sustainability, and the quality of services provided to customers.

He stressed that the need for management contracts for operation and maintenance that comes to keep pace with the big growth witnessed by the Kingdom in various fields, and that it is an important step in the way of improving water services in partnership with the private sector, pointing out the importance of bringing global expertise, as 27 experts of different nationalities will work in the Northwestern Cluster, in addition to developing the work, localizing smart technology and experience by transferring knowledge to Saudi employees, and preparing for concession contracts, which is the last stage of the allocation of services.  

Engr. Al-Mowkely revealed that the contract with the winning consortium includes 14 key indicators that the consortium must achieve, the most important of which are: improving and developing the customer experience, raising operational efficiency by rationing costs, reducing water waste and improving network management, in addition to contributing to financial sustainability.  

“A contract based on achieving key targets and specific value, in addition to motivating the consortium to do its utmost to obtain incentives in the event of higher performance,” he said, stressing that the contract period is 7 years and if the targets are met after the third year of the contract and the cluster’s readiness is increased, this will enable NWC to move directly to the concession contracts phase in which the private sector will take full responsibility in water services, and we will not wait until the seven years are over”.

It is noteworthy that the winning consortium has experience in water services management, as Miyahuna (a subsidiary of Roya Investment Company of the Abunayyan and Al-Muhidib Groups) is a leading developer of the water and sanitation infrastructure through public-private partnership “PPP” contracts. The French Groupe Saur, is a major international water service provider serving 12 million customers worldwide, has been present in the Kingdom through water supply, sewage treatment, industrial cooling services in Jubail and Yanbu in partnership with Marafeq. Manila Water is the operator of the concession contract on the east side of Manila, one of the largest and most successful concession contracts in Asia and has contributed to the transformation of water services for more than 7 million customers in Manila. Manila Water provides water services in the Philippines, Vietnam, Thailand, and Indonesia.

Source: nwc.com.sa

Jacobs Awarded Pulau Indah Power Plant in Malaysia

by with No Comment News

 Jacobs was appointed by Pulau Indah Power Plant Sdn Bhd (PIPP) to deliver owner’s engineer services for the development of a 1,200 megawatt (MW) Combined Cycle Power Plant (CCPP) situated on Pulau Indah in Klang, Malaysia.

The award follows a recent announcement confirming Jacobs as the owner’s engineer for a 100 megawatt alternative current solar plant in Pekan, Malaysia. The two projects put Jacobs and its clients at the forefront of new generation capacity in South-East Asia as the region moves towards a low-carbon future.

“This project is another opportunity for Jacobs to support Malaysia’s major power development projects and their continued focus on low-carbon and renewable energy,” said Jacobs People & Places Solutions Executive Vice President Patrick Hill. “Gas generation is more efficient and produces less emissions than other fossil fuels and is an interim step in our energy transition towards a zero-carbon future. Gas can replace aging baseload generation with a lower carbon supply until emerging technologies capable of delivering clean, reliable baseload power, such as hydrogen, become feasible.”

The project will deliver a 1,200 MW combined cycle gas turbine plant to improve baseload supply for the region. When complete, it will provide high efficiency, low carbon power to the central region of peninsular Malaysia, including in Klang, Kuala Langat and Sepang districts where there is high demand for electricity. The new plant is expected to help attract new industrial development investments, stimulate economic activity and create new employment opportunities in the region.

As owner’s engineer, Jacobs will provide technical advisory services through to financial close, design review, construction monitoring, project management, attendance at factory testing and warranty support. Commercial operation is currently slated for January 2024. Tenaga Nasional Berhad (TNB) will purchase the power generated from the new power plant through a Power Purchase Agreement (PPA).

“The power plant will use HA turbine technology, the world’s most innovative turbine with advanced materials, cooling, aerodynamics, combustion and digital capability,” said PIPP Managing Director Datuk Seri Gan Seong Liam. “It is a clean energy alternative, that emits lower levels of emissions and produces less greenhouse gases. We look forward to the successful completion of this ground-breaking project leveraging off Jacobs power experience in Malaysia and across the South East Asia region.”

PIPP is a consortium of three companies: Maxim Global Berhad (formerly known as Tadmax Resources Berhad), Worldwide Holdings Berhad and Korea Electric Power Corporation.

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $14 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company’s business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations, as well as the company’s other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

Source: jacobs.com

Samsung Engineering receives $ 1.07 billion contract for the Sarawak Methanol Project in Malaysia

by with No Comment News

Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, announced that it received an LOI(Letter Of Intent) for a $ 1.07 billion contract from Sarawak Petchem Sdn Bhd (Sarawak Petchem), building a methanol plant in Sarawak, Malaysia. 

Samsung Engineering will build a 5,000 ton-day methanol production facility in Bintulu, Sarawak, eastern Malaysia. Samsung Engineering won the contract for the FEED (Front End Engineering Design) from Sarawak Petchem in April 2019 and the first Early Work contract in November 2019.

Samsung Engineering executed the Sarawak Petchem Methanol Plant Project from a feasibility study, FEED contract, Early Work phase, to a Licensor, Engineering, Procurement, Construction and Commissioning (LEPCC) contract with this LOI, effective from late January 2021. The plant will use Air Liquide’s technology and is expected completion in late 2023.

Samsung Engineering’s excellent FEED execution lead to the award for this EPC contract.
Samsung contract strategy, based on technology and digital transformation (DT), investing into FEED project implementation for the past several years, comes into fruition with the Sarawak Petchem Methanol Plant Project.

Moreover, Samsung Engineering has the opportunity to develop the market in Sarawak, which has large gas reserves in Malaysia, and therefore can create a promising position for future projects in the region.

Samsung Engineering’s President & CEO Sungan Choi stated, “We were able to receive this landmark project from Sarawak Petchem, by showing our exceptional engineering capabilities and commitment made during the FEED stage. Samsung Engineering has an excellent track record for petrochemical plants and in Malaysia, which will insure optimal project execution, while earning the trust of the client for many future joint projects to come.”

In addition to the Sarawak project in Malaysia, the $ 3.6 billion Mexico Dos Bocas refinery project, which also started with Samsung Engineering’s FEED strategy, was also recently awarded as a full EPC last month.

Samsung Engineering has set a target to spurring orders for new businesses based on FEED along with DT and technology advancements. Samsung plans to improve its constitution with customized marketing strategies for existing and new clients globally.

Source: samsungengineering.com

TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC)

by with No Comment News

TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.

As previously announced, this major(1) EPC contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC’s steam reforming proprietary technology. The project also includes other process units, interconnecting, offsites and utilities.

The project supports the Egyptian Government’s Energy Transition strategy and will reinforce the economic growth of rural areas while minimizing environmental emissions as well as reducing the government export bill. The complex will transform lower-value petroleum products from Assiut Oil Refining Company’s (ASORC) nearby refinery into approximately 2.8 million tons per year of cleaner products, such as Euro V diesel.

The contract award will be included in the Company’s fourth quarter 2020 inbound orders.

(1) For TechnipFMC, a “major” contract is over $1.0 billion.

Source: technipfmc.com

ADNOC Awards $519 Million Contract Further Expanding World’s Largest 3D Seismic Surve

by with No Comment News

The Abu Dhabi National Oil Company (ADNOC) announced the award of a contract worth up to $519 million (AED1.9 billion) to further expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey, which is currently taking place in the Emirate of Abu Dhabi. 

The expansion underscores the important role seismic surveying plays in enabling ADNOC to identify and explore new hydrocarbon resources as highlighted by the recent major discoveries of recoverable unconventional oil resources and conventional oil reserves announced by Abu Dhabi’s Supreme Petroleum Council (SPC) earlier this week. 

In addition, this mega seismic survey also supported the discovery of the conventional oil and gas reserves and the unconventional gas resources added to ADNOC’s portfolio in 2019. 

The contract was awarded to BGP Inc., a subsidiary of China National Petroleum Company (CNPC), represented in the United Arab Emirates (UAE) by Al Masaood Oil Industry Supplies & Services Co. This new award brings the total area to be covered by the survey up to 85,000 km2 and reinforces ADNOC’s commitment to unlocking the full potential of Abu Dhabi’s vast hydrocarbon resources. 

50% of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) program, highlighting how ADNOC continues to prioritize ICV as it invests responsibly to deliver its 2030 strategy. 

Yaser Saeed Al Mazrouei, ADNOC Upstream Executive Director, said: “This award builds on the solid progress we are making in executing the world’s largest combined 3D seismic survey which is an important part of our strategy to accelerate the exploration and development of Abu Dhabi’s hydrocarbon resources. It further demonstrates ADNOC’s commitment to realizing the full potential of our conventional and unconventional oil and gas resources to ensure the UAE remains a long-term and reliable energy provider to the world. The award follows a competitive tender process that ensures a significant portion of the value will flow back into the UAE’s economy, supporting local businesses in line with the leadership’s wise directives.”  

This contract increases the scope of the ongoing seismic mega survey to capture coastal areas, islands, and shallow water. It will utilize state-of-the-art technologies including cableless equipment and a wide range of environmentally friendly seismic sources

The seismic acquisition will capture high-resolution 3D images of the complex subsurface structure at ultra-deep locations and help to pinpoint potential hydrocarbon reservoirs by deploying industry-leading technologies to provide high-density survey data which is analyzed at ADNOC’s Thamama Subsurface Center. 

This data is being leveraged by all of the successful exploration partners in Abu Dhabi’s first block bid round and the data will also be available, for a cost, to the successful bidders in the second bid round, which will begin to be awarded this year following the SPC’s recent approval.

In July 2018, ADNOC awarded the first set of contracts for the seismic survey and has so far recorded almost 60% progress in executing the initial scope which includes onshore and offshore areas. The entire survey, including the added coastal scope, is on track to be completed in 2024.  

Earlier this week, the SPC announced the discovery of recoverable unconventional oil resources estimated at 22 billion stock tank barrels (STB) and an increase in conventional oil reserves of 2 billion STB which boosted the UAE’s conventional reserves to 107 billion STB. 

In November 2019, the SPC announced increases in hydrocarbon reserves of 7 billion STB of oil and 58 trillion standard cubic feet (TSCF) of conventional gas, as well as the discovery of unconventional recoverable gas resources totaling 160 TSCF.
As part of the selection criteria for contract awards, ADNOC carefully considers the extent to which bidders would maximize ICV in the delivery of a project. This is a mechanism integrated into ADNOC’s tender evaluation process, aimed at nurturing new local and international partnerships and business opportunities, fostering socio-economic growth, and creating job opportunities for Emiratis. 
This award prioritized UAE sources for materials, local suppliers, and workforce as well as advanced technologies. 

Source: adnoc.ae

New Awards for an Overall Value of Approximately €100 Million in the Technology-Driven Core Busines

by with No Comment News

Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted several awards for a total amount of approximately €100 million for licensing as well as engineering and procurement (EP) services. These contracts, awarded by some of the most prestigious international clients, have been granted mainly in North America, Europe, and South-East Asia.

In particular, KT – Kinetics Technology S.p.A. has been awarded an EP contract by a global engineering and construction company, consisting in the detailed engineering, procurement and delivery of three large-scale Delayed Coker Furnaces, to be installed in a new oil refinery in Mexico. The three massive coking furnaces will be delivered fully modularized and ready for site installation, and, once completed, will represent one of the world’s largest delayed coking units.

With this new achievement, KT strengthens its track record in refining and confirms its capabilities in supplying highly complex equipment, through the implementation of state-of-the-art technologies and modularization methodologies. 

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “These awards further consolidate Maire Tecnimont’s positioning in its core business and provide sound evidence of the resilience of our technology-driven development strategy, despite Covid-19 times”.

Maire Tecnimont S.p.A.
Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the global natural resource conversion market (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition.  The Maire Tecnimont Group operates in approx. 45 countries, though approx. 50 operative companies and about 9,100 people. For further information: www.mairetecnimont.com.

Group Media Relations
Carlo Nicolais, Tommaso Verani
+39 02 63137603
mediarelations@mairetecnimont.it       

Investor Relations
Riccardo Guglielmetti
Tel +39 02 6313-7823
investor-relations@mairetecnimont.i

Source: mairetecnimont.com

Siemens Energy to upgrade Jebel Ali power plant

by with No Comment News

A new package of enhanced energy services from Siemens Energy will supply Dubai Electricity and Water Authority’s (DEWA) Jebel Ali L2 power and water station with the latest advancements in power plant service, maintenance, and controls. Under terms of the new long-term service agreement, Siemens Energy will supply an intelligent controller for each of the four SGT5-4000F gas turbines, the latest SPPA-T3000 control system, services for generators, as well as added upgrades for outage reduction and operational flexibility.

The intelligent controller was co-developed by DEWA and Siemens Energy in 2019 and was the world’s first thermodynamic Digital Twin Gas Turbine (GT) Intelligent Controller. The controller uses Artificial Intelligence (AI) and Machine Learning to systematically give power plant operators a complete and continuous overview and scenario-based assessment of power plant operations.

Developed and manufactured by Siemens Energy, the upgraded SPPA-T3000 control system features online patch update capabilities which enables continuous, safe plant operations during the update as it doesn’t require system shutdown. By having all equipment running on one control system, it also enhances planning for maintenance services and management of spare parts

Upgrades for the SGT5-4000F gas turbines will enable interval extension between outages providing increased operational flexibility, allowing for a higher number of starts and reduction of outages by approximately 25 percent.

“DEWA is consolidating its leading position, both nationally and globally, by providing electricity and water services to the highest international standards of reliability, efficiency, availability and safety,” said Nasser Lootah, Executive Vice President of Generation at DEWA. “Our strategic partnership with Siemens dates back over 30 years. Siemens Energy’s technologies contribute to around 53% of DEWA’s total generation capacity, enough power for more than 2.5 million residents in Dubai.”

Karim Amin, Executive Vice President of Siemens Energy, Generation Division, said, “This new agreement underscores the longstanding relationship we have with DEWA and the successes we’ve achieved together in bringing our advanced technologies and services to DEWA’s water and power facilities. We look forward to continuing this collaboration for many years to come.” 

Abu Dhabi announce discovery of new oil resources onshore

by with No Comment News

The Supreme Petroleum Council (SPC)  announced the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 billion stock tank barrels (STB), and an increase in conventional oil reserves of 2 billion STB in the Emirate of Abu Dhabi.

The announcements were made following the SPC meeting presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces and Vice-Chairman of the SPC. 

At the meeting, the SPC approved ADNOC’s capital expenditure (CAPEX) plan of AED 448 billion ($122 billion) for 2021-2025 to enable smart growth. As part of this plan, ADNOC aims to drive over AED160 billion ($43.6 billion) back into the United Arab Emirates’ (UAE) economy between 2021-2025. The inflow to the local economy will be enabled by ADNOC’s In-Country Value (ICV) program which is aimed at nurturing new local and international partnerships and business opportunities for the private sector, fostering socio-economic growth and creating job opportunities for Emiratis.

In addition, the SPC gave approval for ADNOC to award exploration blocks in Abu Dhabi’s second competitive block bid round which was launched in 2019. 

The SPC also reviewed the transformation in ADNOC’s Marketing, Supply and Trading (MS&T) Directorate, which has evolved to offer customers a broader service, while further stretching the value from every barrel that ADNOC produces, refines and sells. The directorate has become a more integrated shipping and logistics, storage and trading focused entity, establishing two new trading companies – ADNOC Trading (AT) and ADNOC Global Trading (AGT) – to help deliver its mandate.

The SPC also reviewed  ADNOC and ADQ’s recently announced joint venture, TA’ZIZ, established to fund and develop chemicals projects within the Ruwais Derivatives Park. ADNOC and ADQ, through TA’ZIZ, are setting the stage for the UAE’s next generation of technology-driven growth and helping to advance the UAE post-Covid economic recovery.

Other SPC members that attended the meeting were H.H. Sheikh Hazza bin Zayed Al Nahyan; H.H. Sheikh Mansour bin Zayed Al Nahyan; H.H. Sheikh Hamed bin Zayed Al Nahyan; H.H. Sheikh Mohammed bin Khalifa bin Zayed Al Nahyan; H.E. Dr. Sultan Ahmed Al Jaber; H.E. Suhail Mohamed Al Mazrouei; H.E. Hamad Mubarak Al Shamsi; H.E. Dr. Ahmed Mubarak Al Mazrouei; H.E. Khaldoun Khalifa Al Mubarak; H.E. Eng. Awaidha Murshed Al Marar; H.E. Abdullah Nasser Al Suwaidi; and H.E. Suhail Faris Ghanem Al Mazrui.

During the meeting, H.H. Sheikh Mohamed bin Zayed reaffirmed the support of the UAE President and Chairman of the SPC, H.H. Sheikh Khalifa bin Zayed Al Nahyan, for ADNOC as the company continues to deliver sustainable value for the national economy through its 2030 strategy. 

H.H. Sheikh Mohamed bin Zayed commended the Abu Dhabi National Oil Company’s (ADNOC) agility and resilience, which has enabled the company to ensure zero interruptions to its operations while achieving its operational and financial targets, despite the tough market conditions.

H.H. Sheikh Mohamed bin Zayed also commended ADNOC’s robust and proactive response to COVID-19 which continues to prioritize the health and safety of its people and ensure business continuity and ADNOC’s sustained contribution to the United Arab Emirates (UAE) economy. 

Commenting on ADNOC’s discovery of onshore unconventional oil resources and an increase in its conventional oil reserves, H.H. Sheikh Mohamed bin Zayed said the achievement is a testament to ADNOC’s relentless efforts to unlock and maximize value from the UAE’s hydrocarbon reserves for the benefit of the nation. 

Following the meeting, H.H. Sheikh Mohamed bin Zayed engaged with front line staff and thanked them for their hard work and dedication while stressing people are the nation’s greatest asset. He met members of the ADNOC Future Leaders program virtually and emphasized the Leadership’s commitment to enabling the development of the nation’s youth and ensuring they are equipped with the necessary skills to build successful careers. 

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, said: “We are thankful for the support and guidance of His Highness Sheikh Mohamed bin Zayed and the SPC in steering ADNOC through a very challenging year where we have had to navigate COVID-19 and volatile energy markets. As a result of this wise guidance and our transformation over the past four years, ADNOC has delivered robust operational and financial performance. Following the SPC’s approval of ADNOC’s CAPEX, we are  well-positioned to continue driving long-term and sustainable value for the UAE while creating opportunities for local businesses and private-sector jobs for Emiratis through our in-country value target.” 

Commenting on the SPC’s announcement of new hydrocarbon discoveries, H.E. Dr. Al Jaber said: “Today’s announcement by the SPC of the discovery of recoverable unconventional oil resources demonstrates how ADNOC is efficiently expediting the exploration and development of Abu Dhabi’s unconventional resources and marks a major milestone as the nation’s unconventional industry evolves. Importantly, the increase in the UAE’s conventional oil reserves sends a strong signal that ADNOC is leaving no stone unturned in unlocking value from our abundant hydrocarbon resources to ensure the UAE remains a long-term and reliable energy provider to the world for decades to come. 

“In parallel, we are developing large-scale capital projects in Ruwais to further stretch the margin from each barrel of oil we produce as we deliver on our downstream expansion strategy – at the heart of which are our plans to develop Ruwais into a dynamic, global hub for the UAE’s industrial growth and economic diversification –  and we are strengthening our marketing, supply, and trading capabilities to unlock greater value from our products.” 

ADNOC’s CAPEX plan will enable it to drive upstream growth, progress downstream expansion and further strengthen the company’s marketing and trading capabilities to ensure it maintains its competitiveness and industry leadership position over the next fifty years. 

To underpin this competitiveness, H.H. Sheikh Mohamed bin Zayed mandated ADNOC to explore potential opportunities in Hydrogen with the ambition to position the UAE as a Hydrogen leader.

ADNOC’s downstream expansion continues to prioritize the transformation of Ruwais into a globally competitive chemicals and industrial hub, leveraging close geographic proximity to fast-growing global demand centers, a competitive feedstock position, Abu Dhabi’s attractive fiscal and regulatory environment, and an integrated utilities, infrastructure and services offer to drive accelerated FDI inflows over the long term.

Despite the challenging market conditions, ADNOC delivered AED 62 billion ($16.8 billion) in foreign direct investment (FDI) to the UAE this year, taking the total FDI ADNOC has driven since 2016 to AED 237 billion ($64.5 billion). His Highness expressed the SPC’s appreciation of ADNOC’s smart and innovative approach to strategic partnerships and investments which has resulted in the company completing several landmark transactions. 

ADNOC maintains its leadership role in driving ICV for the UAE following the huge success of its ICV program which has driven more than AED 76 billion ($20.7 billion) back into the UAE’s economy and created over 2,000 private-sector jobs for Emiratis since it was launched in January 2018. ADNOC’s new ICV goal will enable the localization of strategically critical parts of the oil and gas value chain and create more private-sector jobs for Emiratis.

The new discovered resources will further strengthen the UAE’s role as a leading resource holder with high-quality crude grades, reinforce the country’s energy security and underpin its position as an essential and reliable energy provider to the world. This year, ADNOC successfully increased its crude oil production capacity to over 4 million barrels per day (mmbpd).

The mandate to explore potential opportunities in Hydrogen will see ADNOC capitalize on the emerging global market for Hydrogen by leveraging its existing infrastructure and partnership base as well as Abu Dhabi’s vast reserves of natural gas. 

ADNOC already produces hydrogen for its downstream operations and following this mandate, the company will explore the potential to help meet the emerging global demand for hydrogen and ammonia derived from natural gas. Building on its advantaged position as a major natural gas reserves holder and producer, with existing infrastructure and strong partnerships, ADNOC is well placed to lead the development of international value chains and establish a hydrogen ecosystem for the UAE in partnership with other Abu Dhabi entities.

The 22 billion STB of recoverable unconventional oil resources announced by the SPC exceeds some of Abu Dhabi’s major fields in terms of resources and the production potential ranks alongside the most prolific North American shale oil plays. The unconventional oil resource assessment was supported by extensive well data as well as a dedicated appraisal program by ADNOC in an area covering 25,000 square kilometers onshore in Abu Dhabi. 

The 2 billion STB of conventional oil reserves announced by the SPC increases the UAE’s conventional oil reserves base to 107 billion STB of recoverable oil, strengthening the country’s position in global rankings as the holder of the sixth-largest oil reserves. This increase in reserves is as a result of the ongoing maturation of ADNOC’s developments towards its 5 million barrels per day (mmbpd) oil production capacity target by 2030, and its appraisal activities, particularly in the Al Nouf field. 

Both the conventional and unconventional oil resources offer the potential to provide ADNOC with additional amounts of Murban-grade crude. Murban is ADNOC’s signature grade crude and is recognized around the world for its intrinsic chemical qualities, consistent and stable production volumes, large number of international buyers, and numerous long-term concession and production partners.

Ryder Scott Co. LP has confirmed through an independent assessment that ADNOC’s conventional oil reserves and the technically recoverable unconventional oil resources are consistent with their results. 

These additions to the UAE’s hydrocarbons base follows the announcement in November 2019 by the SPC of increases in hydrocarbon reserves of 7 billion STB of oil, 58 trillion standard cubic feet (TSCF) of conventional gas, and 160 TSCF of unconventional recoverable gas resources. These additions to the UAE’s hydrocarbon reserves marked a historic milestone for the country since the last major update of its reserves base three decades ago.

Following the SPC’s approval for ADNOC to award exploration blocks in the Abu Dhabi 2019 Block Bid Round, the company is set to announce the successful bidders. Based on existing data from detailed petroleum system studies, seismic surveys, exploration and appraisal wells data, estimates suggest the blocks in this second bid round hold multiple billion barrels of oil and multiple trillion cubic feet of natural gas.

As ADNOC develops its upstream resources and expands its downstream footprint, it is further strengthening its marketing and trading capabilities. As part of this effort, AGT – a joint venture with Eni and OMV – is set to begin the trading of refined products before the end of the year. 

In addition, ADNOC will expand its shipping capabilities by purchasing a fleet of Very Large Crude Carriers (VLCCs), through ADNOC Logistics & Services (ADNOC L&S), creating new long-term revenue streams as it enters a new sector to support growing customer demand and its historic move into trading.

AGT and AT are both incorporated at the International Financial Center, Abu Dhabi Global Market, joining ICE Futures Abu Dhabi (IFAD), which plans to launch trading in Murban futures contract at the end of March 2021. IFAD will be the world’s first trading platform to include futures contracts based on Abu Dhabi’s unique grade of Murban crude – increasingly the benchmark grade in Asia’s fast-growing economies.

Source: adnoc.ae

Saipem: a contract awarded for Ichthys LNG FEED Services

by with No Comment News

Saipem confirms a contract award to conduct booster compression module (BCM) front end engineering and design (FEED) services for the INPEX-operated Ichthys LNG energy development.

It is planned to install the BCM onto the Ichthys Explorer central processing facility. The scope of work comprises the BCM front end engineering and includes the option to provide a lump sum price to execute the full EPC scope from detailed design through to fabrication and load-out. Saipem E&C Offshore Area Manager North Pacific/East Indian Ocean Gianalberto Secchi said “This contract furthers our sustainable presence in this strategic market”.

Source: saipem.com

L&T Construction Awarded (*Large) Contract to Build India’s Longest River Bridge

by with No Comment News

Bridge to connect states of Assam and Meghalaya across River Brahmaputra

L&T Construction, the construction arm of L&T, has secured a Large contract to construct India’s longest road bridge across river Brahmaputra connecting Dhubri in Assam to Phulbari in Meghalaya.

The 19 km long bridge will be built along National Highway 127-B and will feature a Navigation Bridge of 12.625 km, approach viaducts of 3.5 km on the Dhubri side and 2.2 km on the Phulbari side, connected with approach roads and interchanges on both sides.

The bridge will have huge strategic relevance by improving the connectivity of the North Eastern States with the rest of the country and establish a vital link between Assam and Meghalaya by reducing the distance between the two States by 250 km. Currently the travel between Dhubri and Phulbari is by ferry that takes up to 2.5 hrs.

“This is an extremely challenging project, and we thank our client, National Highways & Infrastructure Development Corporation Ltd. for reposing confidence in our capability to build a such a defining piece of infrastructure,” said Mr S V Desai, Whole Time Director & Senior Executive Vice President (Civil Infrastructure), L&T. Elaborating on the significance of the Dhubri-Phulbari bridge, he added, “Not only will it be an important passage for offering easier access to our North Eastern international borders but will give a huge fillip to trade and commerce in the region for the accelerated development of all the North Eastern States especially Assam, Meghalaya, Tripura and the Barak Valley.”

Source: corpwebstorage.blob.core.windows.net

New Fisia Italimpianti, Webuild Group, win in plant construction: two desalination contracts in Oman for combined $330M

by with No Comment News

Fisia Italimpianti, a unit of the Webuild Group, has won two engineering, procurement and construction (EPC) contracts worth a combined total of about $330 million for two desalination plants in Oman. Located on the coast in the Gulf of Oman north of Muscat, the plants will serve residents living near the capital.

The contracts, commissioned by the Oman Power and Water Procurement Company (OPWP), will have Fisia Italimpianti and its joint-venture partner GS Inima Environment build plants that use the reverse osmosis process to desalinate water from the sea. The first, Ghubrah 3 IWP, will have a production capacity of 300,000 cubic metres of water a day, while the second, Barka 5 IWP, will produce 100,000 cubic metres a day. Both projects are expected to take three years to complete, with Ghubrah becoming the biggest in the sultanate. Fisia Italimpianti has a 50% stake in both joint-ventures.

The Barka 5 and Ghubrah 3 plants will increase the Group’s presence in Oman as it helps the sultanate reach its goals of sustainable development, confronting the challenge of water scarcity posed by a desert climate. Fisia Italimpianti entered Oman in 2017 with the Salalah project, a desalination plant that also uses the reverse osmosis process to produce 113,500 cubic metres a day of potable water for the city of the same name on the southwestern coast. Its construction is to be completed soon.

Fisia Italimpianti’s desalination and water treatment plants serve more than 20 million people throughout the world, including the United Arab Emirates, Qatar, Kuwait, Saudi Arabia, Bahrain, Egypt, Turkey and some countries in South America, where it plans to expand.

A leader in the water sector, Fisia Italimpianti aims to extend its international presence with the application of the latest in technology to assist countries grow in the most sustainable way possible. Its plants help them provide the basic needs of their people like potable water where the resource is limited like desert areas, or polluted in densely populated cities.

Source: fisiait.com

Venture Global LNG Awards KBR EPC Contract for Plaquemines LNG Export Facility

by with No Comment News

Venture Global LNG, Inc. announces that KBR has been awarded the engineering, procurement and construction (EPC) contract as the lead contractor for Phase 1 of the Plaquemines LNG export project currently under development in Plaquemines Parish, Louisiana.  KBR will integrate highly modularized, owner-furnished equipment for the 10 million tonnes per annum (MTPA) nameplate facility, identical to the systems being successfully delivered and installed at Venture Global LNG’s Calcasieu Pass project.

Mike Sabel, Executive Co-Chairman and CEO stated, “KBR has an exceptional record in the LNG industry, having designed and delivered approximately a third of the liquefaction capacity worldwide.  They recognize that our innovation of mid-scale, modular trains manufactured in a factory setting and delivered complete to site is revolutionizing this industry.  Plaquemines LNG will deploy Venture Global’s liquefaction trains 19 through 36, identical to the 18 trains currently being fabricated and delivered to our Calcasieu Pass LNG project. This contract with KBR will allow us to bring a second world-class, mechanically complete LNG production facility to the market, on our schedule and budget.”

Executive Co-Chairman Bob Pender added, “KBR brings more than a century of global experience to the Plaquemines LNG project and shares our commitment to on-time, on-budget execution and the safest possible work environment for our employees and partners.  As we approach the commencement of early site works for Plaquemines LNG, we are excited to use the experience gained at Calcasieu Pass – where we are already connecting our first liquefaction trains – to further improve upon the successful approach we’ve developed.”

The Plaquemines LNG project has received all required regulatory approvals and has signed binding 20-year offtake agreements with PGNiG (2.5 MTPA) and EDF (1 MTPA) for 3.5 MTPA of the project’s capacity.

Source: venturegloballng.com

McDermott Awarded Pre-FEED Contract from Tata Steel for Project EVEREST

by with No Comment News

McDermott International, Ltd today announced it has been awarded a Pre Front-End Engineering Design (FEED) contract from Tata Steel B.V. for the Enhancing Value by Emissions Reuse and Emission Storage (EVEREST) Project. Tata Steel has launched the preparatory plans for a project to capture CO2 from its blast furnaces in IJmuiden, the Netherlands, and transport it for storage in empty gas fields under the North Sea. The project is planned for implementation at the Tata Steel facilities in IJmuiden, which is located 19 miles (30 kilometers) West of Amsterdam.

“The combination of our innovative carbon capture and storage solutions with our unparalleled engineering capabilities demonstrate McDermott’s strategic role in reducing emissions and advancing the energy transition,” said Tareq Kawash, Senior Vice President, Europe, Middle East, Africa. “Together, we will progress Tata Steel’s strategic roadmap toward carbon-neutral steel production by 2050.”

“This intended construction is a very important step for our future,” said Annemarie Manger, Tata Steel Europe Director of Sustainability, Health, Safety, Environment and Quality. “We feel a strong responsibility to build a sustainable and connected society for the generations of tomorrow. If we realize this, we will be one of the first steel companies to capture CO2 with its storage. We see this as the essential transition solution with which we contribute significantly to the required emission reduction by 2030. The potential of this is enormous. This technology is already being used in other countries and industries, but not yet in this form and size.”

The engineering and design will be executed from McDermott’s office in The Hague, the Netherlands.

Source: mcdermott-investors.com

SAPURA ENERGY SECURES AL-KHALIJ PIPELINE PROJECT AMONG RM611 MILLION NEW CONTRACT WINS

by with No Comment News

Sapura Energy Berhad, a leading global integrated oil and gas services and solutions provider has announced a major contract win in the Middle East.

Its subsidiary Sapura Fabrication Sdn Bhd – Qatar Branch was recently awarded a contract by Total E&P Golfe, to provide engineering, procurement, supply, construction, installation and pre-commissioning of two sixteen-inch pipelines connecting three platforms in the Al-Khalij Field, Block 6. The Al-Khalij field is located offshore Qatar approximately 110 kilometres off the mainland coast, with average water depths of about 59 metres. The works are expected to be completed by Q2 FY2022.

The pipeline project is part of several contracts recently won by Sapura Energy’s Engineering and Construction (E&C) and Drilling divisions, with a combined value of approximately RM611 million.

The new wins demonstrate Sapura Energy’s resilience in a challenging environment, progressing the company’s strategy of leveraging on its agility and assets to expand international reach.

Sapura Energy aims to capture growing opportunities in addressable markets for oil and gas services, by deepening its presence in the fastest growing regions and industry segments.

Closer to its home base, Sapura Fabrication Sdn Bhd has won a contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) for the provision of engineering, procurement, construction, transportation & installation and hook-up & commissioning of Host Tie-In and Brownfield Modification Work for Additional Andalas Pipeline Project for Phase 4 Development, in the Malaysia-Thailand Joint Development Area (MTJDA).

The contract scope of work comprises engineering, procurement, onshore construction, transportation and marine spread chartering, as well as offshore hook-up and commissioning of Host Tie-In and Brownfield Modification at Jengka-A Wellhead Platform, Andalas-B Wellhead Platform, and MUDA Central Processing Platforms. The works are expected to be completed by Q3 FY2022.

Earlier this year, Sapura Energy announced that it was awarded the engineering, procurement, construction, installation and pre-commissioning of a 20-inch 29-kilometer subsea pipeline in the same project, by CPOC.

Meanwhile Sapura Energy’s drilling arm continues to gain foothold in the African continent, as Sapura Drilling Holdings Limited was awarded a contract by Total Exploration and Production Congo for the provision of its Tender Assist Drilling Rig Sapura Berani services.

The scope of the contract comprises the provision of semi tender-assist drilling rig services for three wells offshore Congo, commencing in Q4 FY2021 for a period of three months. The contract provides for an option of one well extension.

Source: sapuraenergy.com

Aramco awards major Long-Term Agreements to eight companies for its oil and gas brownfield projects

by with No Comment News

Aramco has announced a new contracting strategy for the Company’s oil and gas brownfield and plant upgrade projects. The strategy focuses on establishing new businesses and developing partnerships based on sustainability and new technologies via Aramco’s giant projects by awarding long-term contracts to reputable and experienced contractors to improve cost efficiency and the quality and safety of the projects.

Following Aramco’s approval of the new contracting strategy, contractors’ companies were invited to submit their proposals, and after a thorough evaluation process, eight companies have been selected to carry out the work:

  1. Consortium of Nasser Saeed Al-Hajri And Contracting /Samsung EPC Co. Ltd.
  2. Daelim Saudi Arabia Co. LTD.
  3. Engineering for The Petroleum and Process Industries (Enppi) Branch.
  4. GS Construction Arabia Co. Ltd.
  5. Snamprogetti Engineering and Contracting Co. Ltd. (Saipem).
  6. JGC Gulf Engineering Co. Ltd.
  7. Branch of Technip Italy S.P.A.
  8. Branch of Hyundai Engineering and Construction Co. LTD.

The scope of the LTAs includes engineering, procurement, construction, start-up and pre-commissioning of each project, as well as the installation of the upgraded facilities in the designated operating areas. The contracts are established for a period of six years with an option to exercise another six years extension.

In addition, the contracts are developed with a special emphasis on improving Saudization, local content and supply chains through Aramco’s In-Kingdom Total Value Add (IKTVA) program, helping Aramco to meet its IKTVA targets. The contracts mandate a minimum commitment to use 39% local content and supply chains initially, increasing to a 60% commitment within six years.

Source: aramco.com

L&T awarded biggest order ever for its Construction and Mining Equipment Businesses

by with No Comment News

The Construction and Mining Equipment business of Larsen & Toubro, India’s leading engineering, procurement and construction projects, manufacturing, defence and services conglomerate, has secured one of its biggest orders ever to supply 46 units of Komatsu Mining Equipment from Tata Steel.

The order comprises of 41 units of Komatsu HD785-7 (100 Ton Dump Truck), three units of Komatsu WA900-3E0 (9 Cum Wheel Loader) and two units of Komatsu D275A-5R (410HP Crawler Dozer). The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.

Commenting on this order, Mr. S. N. Subrahmanyan, CEO & MD, Larsen & Toubro said “Komatsu’s superior products and L&T’s seamless support over the years, paved the way for securing this prestigious order and we look forward to partnering India’s largest steel producer – Tata Steel, in their growth journey.”

Mr. Arvind K Garg, Executive Vice President & Head – Construction & Mining Machinery Business, L&T, said: “We are delighted to receive this prestigious order from our esteemed client, Tata Steel for their Iron Ore and Coal mines.”

26 of these 46 units will be deployed at Tata Steel’s Iron Ore Mines at Joda, Noamundi and Khondbond in Odisha, while 20 units of Komatsu 100 Ton Dump Trucks will be deployed at Tata Steel’s West Bokaro Coal Mines in Jharkhand.

A pioneer in the Indian Construction & Mining Machinery industry, L&T distributes and supplies state of the art equipment to the infrastructure, mining and irrigation sectors. Its comprehensive range of world-class equipment matches global performance standards. The business is engaged in the distribution and support of equipment such as Hydraulic Excavators, Rear Dump Trucks, Crawler Dozers, Wheel Loaders, Wheel Dozers, Motor Graders, Heavy Tippers, Surface Miners, Skid Steer Loaders etc.

Source: L&T

ACWA Power signs Red Sea utilities contract

by with No Comment News

The Red Sea Development Company (TRSDC), the developer of the world’s most ambitious regenerative tourism project, has awarded its highest-value contract to date to a consortium led by ACWA Power to design, build, operate and transfer The Red Sea Project’s utilities infrastructure.

The contract marks a significant step forward for The Red Sea Project, establishing it as the region’s first tourism destination powered solely by renewable energy. A project of this size has never been achieved on this scale anywhere in the world.

Source: acwapower.com

Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil, awarded Baker Hughes, Halliburton and Schlumberger contracts for drilling and well services on the Bacalhau field in Brazil.

by with No Comment News

The total value of the three contracts is estimated at USD 455 million. The contracts have a firm period of 4 years and two 2-year options.

“The awards build further on our positive cooperation experience with the three selected suppliers in our projects worldwide. They will be essential to ensure safe and efficient drilling and well operations on the Bacalhau field,” says Peggy Krantz-Underland, Equinor’s chief procurement officer.

The contract scope awarded to Baker Hughes covers drilling services and completion. Halliburton’s scope of work will include intervention services and liner hanger, while Schlumberger will deliver wireline services.

The awards are expected to make a significant contribution to local content in Brazil. The average local content of the three contracts, considering the majority of services will be performed in Brazil, is estimated at 74%.

“Brazil is a core area for Equinor, and Bacalhau is an important asset in the Brazilian pre-salt Santos area. Together with our partners, we are currently maturing the project towards a final investment decision (FID) which is planned in 2021,” says Trond Bokn, acting senior vice president for project development in Equinor.

Earlier this year, the partnership entered into front end engineering and design (FEED) contracts with early commitments and pre-investments for the Bacalhau field with MODEC for FPSO and Subsea Integration Alliance (SIA) for SURF. The awards have an option for the execution phase under a lump sum turnkey contract setup which includes engineering, procurement, construction and installation (EPCI) for the entire SURF and FPSO scopes.

Partners in Bacalhau: Equinor 40 % (operator), ExxonMobil 40 %, Petrogal Brasil 20 % and Pré-sal Petróleo SA (PPSA, non-investor Government Agency).

Source: equinor.com

McDermott Awarded FEED Contract for Ichthys Gas Field Development

by with No Comment News

McDermott International, Ltd announced it has been awarded a contract to provide front end engineering and design (FEED) services for the INPEX-operated Ichthys Liquified Natural Gas Field Development.

The award is for a booster compression module FEED with optional engineering, procurement and construction (EPC) for the project. The booster compression module will be added to the Ichthys LNG offshore central processing facility, located off the northwest coast of Western Australia.

“This award illustrates McDermott’s continuing expertise in complex offshore EPCI,” said Ian Prescott, McDermott’s Senior Vice President, Asia Pacific. “Our work to date demonstrates our qualifications to deliver smart solutions in challenging environments—and to the highest safety and technical standards.”

McDermott is also undertaking umbilicals, risers and flowlines (URF) as part of an expansion of the existing Ichthys LNG facilities.

Engineering will be completed in McDermott’s Asia Pacific headquarters in Kuala Lumpur. The FEED will commence in October 2020.

Source: mcdermott-investors.com

McDermott Earns Next Phase of Russian Ethane Cracker Project from CC7

by with No Comment News

McDermott International, Ltd announced it has secured the next phase of the ethane cracking project from China National Chemical Engineering & Construction Corporation Seven, Ltd (CC7). In 2019, McDermott was awarded a contract for the extended basic engineering on the project. This has now been expanded to include the provision of the engineering and procurement early works package for all schedule critical equipment.

The project is the largest ethylene integration project in the world. Located near Russia’s shores at the Gulf of Finland, the natural gas processing chemical plant, owned by Baltic Chemical Plant (BCP), will be comprised of two ethylene cracking trains with an annual capacity of 1.4 million tons each.

“The expansion of this award is a direct result of our execution performance to date and we will continue to drive excellent results to support CC7 and BCP in the development of this world-class project,” said Tareq Kawash, Senior Vice President, Europe, Middle East and Africa. “From concept design to commissioning and start-up, McDermott is uniquely positioned to execute fully integrated ethylene projects.”

Lummus Technology was previously awarded the Process Design Package Engineering on the project and the license for its olefin production and recovery technology. McDermott and Lummus work jointly on projects through a strategic agreement that leverages their respective strengths for customers.

The early works package will be executed from McDermott’s offices in The Hague, the Netherlands and in Brno, Czech Republic.

Source: mcdermott-investors.com

TARGET Engineering Awarded a sub-contract worth around SAR 145mn in Jubail-3A

by with No Comment News

Arabtec Holding PJSC, announced that its wholly-owned subsidiary, TARGET Engineering Construction Company, has been awarded a 14 months sub-contract worth SAR 145mn, from Shandong Tiejun Electric Power Engineering Company Ltd for the Construction of offshore Marine works in JUBAIL-3A Independent Water Project located at Jubail city in the Kingdom of Saudi Arabia.

Source: target.ae

Maersk Drilling awarded three-well contract by Petrogas

by with No Comment News

Maersk Drilling has secured a contract from Petrogas E&P Netherlands B.V. for the harsh environment jack-up rig Maersk Resilient to drill three wells at the B13 and A12 fields in the Dutch sector of the North Sea. The contract is expected to commence in November 2020 and has an estimated duration of 110 days. The firm contract value is approximately USD 9.4m.

The parties have further agreed that Maersk Drilling will be given exclusive options to work on a selected number of Petrogas’ planned projects in the Dutch sector in 2021 and 2022.

“The three-well contract and the exclusivity agreement are yet another testament to our strong relationship with Petrogas. We are very pleased to be given the opportunity to continue our great collaboration and leverage the design of our R-class rig capabilities to support Petrogas’ business in one of their core markets in the Netherlands,” says Claus Bachmann, Head of North Sea Division in Maersk Drilling.

Separately, the previously announced contract with Petrogas North Sea Ltd for the drilling of one well at the Birgitta field in the UK sector of the North Sea will be cancelled and Maersk Drilling will receive compensation via a termination fee. Maersk Drilling retains an exclusive option with Petrogas North Sea to drill the Birgitta well in 2021 at rates reflecting the expected 2021 market.

Maersk Resilient is a 350 ft., Gusto-engineered MSC CJ 50 high-efficiency jack-up rig which was delivered in 2008. It is currently mobilising for the campaign for Petrogas in the Netherlands and thereafter Serica Energy UK Ltd.

Source: maerskdrilling.com

SEPCOIII won the new operation and maintenance contract of Saudi Arabia Ras Al Khair O&M Project

by with No Comment News

SWCC signed the new O&M contract of Saudi Arabia Ras Al Khair O&M Project with SEPCOIII SA branch.

At the end of 2017, SWCC signed the O&M contract of Ras Al Khair Project with the SEPCOIII, making it the first power plant O&M project of a Chinese O&M team in the Middle East. After three years of unremitting efforts, the O&M team of Saudi Ras Al Khair Project, relying on the advantages of EPCO whole industrial chain, has ensured the safe and stable operation of 6 Blocks and 12 sets of units in the whole power station. It has completed the annual power generation task ahead of schedule and reached the annual KPI assessment of SWCC for three consecutive years with high standards, and helping SWCC become the world’s largest desalination company and creating the world Guinness record.

SEPCOIII won the contract for the operation and maintenance of SWCC Ras Al Khair Power Station again by virtue of its high-quality service and a good reputation over domestic and foreign enterprises.

Source: sepco3intl.com

Lamprell awarded engineering project by International Maritime Industries (IMI)

by with No Comment News

Lamprell is pleased to announce that it has been awarded a medium-sized* contract by International Maritime Industries (IMI) to undertake engineering design services.

Starting immediately and extending over the next three years, the work will be undertaken in two parts: an initial phase incorporating full detailed design engineering, followed by the production design phase.

This work forms an integral part of IMI’s 2030 new build rig programme; supporting the strategy for establishing itself as a fully autonomous in-Kingdom yard facility servicing clients in the maritime sector including maintenance, repair, overhaul and newbuild rigs and ships.

Christopher McDonald, CEO, Lamprell said: “Working closely with our IMI partners, we are delighted to be starting this key piece of engineering work. It complements and builds on the two jackup rigs we were awarded at the beginning of the year. Also, it further expands our remit for being able to welcome Saudi nationals into our facilities as part of supporting IMI’s local capacity building. When completed, the maritime yard in Saudi Arabia will become a major contributor to the local economy and we are proud to be associated with such a strategic vision.”

*(Lamprell defines a “medium-sized contract” as between USD 6 million and USD 50 million)

Source: lamprell.com

SNC-Lavalin awarded for $35M USD construction, engineering and inspection services contract by Georgia Department of Transportation

by with No Comment News

SNC-Lavalin has been awarded another three-year, up to $35 million USD Indefinite Delivery Indefinite Quantity contract to continue providing construction engineering and inspection (CEI) services for the Georgia Department of Transportation (GDOT), District 6, which encompasses 17 counties in northwest Georgia.

The contract will be delivered by SNC-Lavalin’s Engineering, Design and Project Management business, and is within SNCL Engineering Services, the cornerstone of our strategy moving forward to greater growth and profitability.

“We’ve been supporting GDOT for over 15 years, helping to deliver its strategic priorities and steadfast commitment to providing the citizens of Georgia with safe roads, highways and associated infrastructure,” said Philip Hoare, President of Atkins, Engineering, Design and Project Management, SNC-Lavalin. “This contract renewal allows us to continue and build upon the first-class work already delivered for one of our key clients in North America.”

The new contract includes CEI services for construction projects ranging from widening and reconstruction, rehabilitation of asphalt and concrete pavement, bridge replacement and resurfacing. Notable work includes the award-winning Courtland Street Bridge replacement and the Northwest Corridor Managed Lanes projects.

In August, SNC-Lavalin was appointed as prime consultant to support the ongoing development of GDOT’s Statewide Traffic Incident Management Services.

Source: snclavalin.com

Qatar Petroleum and its partners announce a new gas/condensate discovery in the Luiperd prospect, located in Block 11B/12B, in the Outeniqua Basin, South Africa.

by with No Comment News

Qatar Petroleum is pleased to announce a new gas/condensate discovery in the Luiperd prospect, located in Block 11B/12B, in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa.

This is the second significant discovery in Block 11B/12B, which is being explored by Qatar Petroleum and its partners, Total (operator), CNR International, and Main Street. In February 2019, an important gas condensate discovery in the Brulpadda prospect was announced, marking a major milestone for a new play in South Africa.

Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum said, “We are pleased to announce this second discovery in our joint exploration project in South Africa. The initial well results are better than anticipated, and they offer a great opportunity to pursue further exploration and appraisal activities in this area, and to look into integrated commercialization of these findings in alignment with all stakeholders.” 

His Excellency Mr. Al-Kaabi added, “I would like to congratulate our partners, for their great efforts leading to this discovery in a challenging pandemic environment, safely and efficiently. I am also grateful to the hard and diligent work by Qatar Petroleum’s exploration team, whose dedicated and successful efforts are well recognized.”The Luiperd-1X well was safely drilled to a total depth of about 3,400 meters. The well encountered 73 meters of net gas/condensate-bearing reservoir in Lower Cretaceous Paddavissie reservoirs. Various development options are currently being evaluated to commercialize these findings.  

Block 11B/12B covers an area of 19,000 square kilometers, with water depths ranging from 200 to 1,800 meters. It is operated by Total with a 45% working interest, alongside Qatar Petroleum (25%), CNR International (20%) and Main Street (10%).

Source: qp.com.qa

ADNOC Awards $324 Million Contracts to Optimize Onshore Field Operations and Enhance Efficiencies

by with No Comment News

The Abu Dhabi National Oil Company (ADNOC) announced the award of contracts worth $324 million (AED 1.19 billion) to optimize onshore field operations and enhance efficiencies as it continues to invest responsibly to drive smart growth.

ADNOC Onshore, a subsidiary of ADNOC, awarded the three contracts which will see the procurement and construction (PC) of flowlines and wellhead installations across several onshore oil fields in the Emirate of Abu Dhabi. The contracts also include the engineering, procurement, and construction (EPC) of a new bypass system to provide critical backup for the existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals. 

The contracts were awarded to Galfar Engineering and Contracting (WLL – Emirates) and Robt Stone (Middle East LLC). Over 70% of the combined award value will flow back into the United Arab Emirates’ (UAE) economy under ADNOC’s In-Country Value (ICV) program, reinforcing ADNOC’s commitment to maximizing value for the nation. 

Yaser Saeed Almazrouei, Executive Director of ADNOC’s Upstream Directorate, said: “These awards further highlight ADNOC’s drive to invest responsibly to unlock greater value from our assets and resources and build long-term resilience as we deliver our 2030 strategy. The contracts follow a competitive tender process that ensures that substantial value will flow back into the UAE through our ICV program, reinforcing ADNOC’s commitment to supporting local business and stimulating the growth and diversification of the nation’s economy.”

As part of the selection criteria for the awards, ADNOC carefully considered the extent to which bidders would maximize ICV in the delivery of the project. This is a mechanism integrated into ADNOC’s tender evaluation process, aimed at nurturing new local and international partnerships and business opportunities, fostering socio-economic growth, and creating job opportunities for UAE nationals. The successful bids by the two contractors prioritized UAE sources for materials, local suppliers, and workforce. 

Omar Obaid Al Nasri, CEO of ADNOC Onshore, said: “These contracts build on the momentum of our recent awards for upgrades on the Jebel Dhanna terminal and underline our commitment to unlocking the full potential of our assets and fields to deliver increased value for our shareholders and contribute to ADNOC’s objective to create a more profitable upstream business. The award for flowlines and wellhead installations will help sustain long-term production at our Bab, Asab, and Sahil fields while the award for the bypass system will provide critical backup for the existing crude receiving station connecting our fields and export terminals, to ensure business continuity and resilience.”

The two PC contracts awarded for flowlines and wellheads are split into two parts. The first contract, valued at approximately $71 million (AED 261.2 million), is awarded to Galfar Engineering & Contracting (WLL – Emirates). The contractor will procure and construct flowlines and wellhead installations for the ADNOC Onshore Asab and Sahil fields. 

The second contract, valued at approximately $168 million (AED 618.2 million), is awarded to Robt Stone (Middle East LLC). The contractor will procure and construct flowlines and wellhead installations for the ADNOC Onshore Bab field.

The scope of work includes residual engineering, procurement, construction, pre-commissioning, and commissioning of natural oil producer wells and water injection wells at the respective fields. Both contracts are expected to be completed in five years. 

The third contract, the EPC awarded to Galfar Engineering and Contracting (WLL – Emirates), is valued at approximately $84 million (AED 309.1 million). It will create a new bypass system to provide critical backup for ADNOC Onshore’s existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals. The project is expected to be completed in 30 months. 

Source: adnoc.ae

SNC-Lavalin awarded lead design contract for Six Flags Qiddiya theme park in Saudi Arabia

by with No Comment News

SNC-Lavalin has been awarded the lead design consultant services contract from Qiddiya Investment Company (QIC) for the Six Flags Qiddiya theme park project – located within Qiddiya, south-west of Riyadh, the capital of Saudi Arabia.

Under the three-year contract, the Company will provide integrated lead design consultant, construction supervision, and cost management services. The scope of work includes public realm and necessary infrastructure within the plot area along with validation of the pre-concept design, as well as the development of sustainability and environmental assessment methods, design criteria, and standards of the project.

Six Flags Qiddiya is scheduled for opening during the first phase of Qiddiya – the Kingdom’s Capital of Entertainment, Sports and the Arts. The park will stretch across 32 hectares (79 acres) and feature 28 uniquely themed rides and attractions across six lands: The City of Thrills, Discovery Springs, Steam Town, Twilight Gardens, Valley of Fortune and Grand Exposition. The theme park will provide recreational and professional opportunities to the Saudi population and boast several record-breaking attractions including The Falcon’s Flight, the longest, tallest and fastest roller coaster in the world.

“This win is a testament to our proven track record for delivering flagship projects worldwide, and market-focused approach to a dynamic and sustainable business growth in the Middle East,” said Philip Hoare, President of Atkins, Engineering, Design and Project Management, SNC-Lavalin. “We are proud to work with Qiddiya on this one-of-a-kind project that supports Saudi Arabia’s Vision 2030 and the acceleration of the country’s economic diversification agenda.”

Qiddiya Investment Company (QIC) is driving the development of Qiddiya – home of the most innovative and disruptive experiences in Entertainment, Sports and the Arts in Saudi Arabia. As a core tenet of Vision 2030, Qiddiya has a dual economic and social purpose: to advance economic diversification and unlock new professional pathways while enriching lives of the youth in the Kingdom.

The Company’s relationship with Qiddiya began in 2019 when it began providing master planning and infrastructure engineering services for the destination-resort community

Source: snclavalin.com

National Energy Services Reunited Corp. Announces Multiple Contract Awards In Oman

by with No Comment News

National Energy Services Reunited Corp. (“NESR” or the “Company”), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) and Asia Pacific regions, reported multiple extensions and awards to Gulf Energy SAOC (“GES”) in the Sultanate of Oman by Petroleum Development of Oman (“PDO”) valued at over $1 billion. With these awards, NESR has cemented its position in Oman for the foreseeable future and has opened new growth avenues to expand its product lines over the next decade in the Sultanate of Oman and in the MENA region.

These contract extensions include Cementing, Coil Tubing and Stimulation, Fishing and Milling, and Downhole Tools contracts for a period up to nine years, including a main term of five years with two possible extensions of two years each, with contracts expiring between 2030 and 2032. In addition, a new contract for Directional Drilling and Turbine Drilling was also awarded for a term of up to six years.

Raoul Restucci, Managing Director, PDO, commented: “I am pleased to see local companies, such as Gulf Energy, come of age supported by PDO’s localization efforts and In-Country Value Strategy, which while delivering world class technology development for the upstream sector also ensures creation of jobs, training and learning opportunities for Omanis and enhancements in the domestic supply chain and manufacturing. Companies such as Gulf Energy are leading the change in transforming the upstream sector in Oman as well as the region, and I wish them the best for the future.”

Salman Al Maimani, PDO Wells Contract Manager, commented “PDO has always encouraged and supported local companies to take on ever larger work scopes and expects market leading delivery and technologies within a competitive framework. We also believe that to create a successful business we need to provide the local companies enough runway so that they can build a sustainable enterprise around a stable framework. Hence, we are very pleased to see the progress GES has made up to this point, and these contract extensions and awards are in line with our strategy to reward the best performers who show the potential to further contribute to PDO’s In-Country Value objectives. I wish GES the best for the future and hope they continue to contribute to PDO’s and Oman’s success in the coming years.”

Mr. Sultan Al-Ghafri, Gulf Energy Vice President commented: “We would like to thank the Ministry of Energy & Minerals and PDO for their continued faith and confidence in our capabilities as well as the differentiated level of service which GES has delivered over the years. The last fifteen years have seen GES, a local Omani company, grow from a startup to one of the largest oilfield service providers in Oman and the region. These awards and extensions allow GES to further grow and contribute to the Oman E&P Industry and get to the next level. GES has invested heavily in both building manufacturing and operating facilities and these awards allow us to build on this base to bring cutting edge technologies for the benefit of our customers in Oman and train and deploy Omani Nationals as we have done in the past.”

“We are very pleased to further consolidate our presence in the Sultanate of Oman, one of our key foundational countries and where NESR has longstanding history and deep roots. I am deeply thankful to the Ministry of Energy & Minerals and PDO as these awards validate and recognize the alignment and understanding we have had with the larger goals of In-Country Value creation in Oman. Beyond the monetary value, which is significant for these awards, the almost decade-long scope provides the business with the stability that allows us to invest heavily in recruiting and training Omani engineers and field personnel. The Omani talent has provided support to all our operations across the globe, and with this award we are able to intensify our efforts to place more Omani internationally. This is NESR’s ESG strategy in action, with direct bearing on the sustainability of our business as well as social contributions to the countries where we operate,” said Sherif Foda, Chairman of the Board and CEO of NESR. Mr. Foda added, “Additionally, the new drilling scope gives us a very good platform to build on for the next phase of growth and increase the technology intensity in our portfolio, and we look forward to delivering top quality service to PDO and our other customers in Oman.”

Source: investors.nesr.com

Woodserv secures $103.9 million Non-Associated Gas Compression Facilities (NCF) project

by with No Comment News

Tatweer Petroleum W.L.L, Bahrain awarded the projects “Provision of Non-Associated Gas Compression Facilities (NCF)”.

The Project has been awarded to Bahrain based Oil & Gas firm, Woodlands Energy Services Company (WoodServ).

The value of the signed contract is BHD 39,078,306 (USD 103,931,664).

Earlier, during January 2020, a total of five (5) bidders has submitted the proposals 

Non-Associated Gas Compression Facilities (NCF):

As per the notification, Non-Associated Gas (NAG) consumed within the Tatweer facilities.

As per new gas management strategy and since most of the Associated Gas / Residue Gas will be utilized for Gas Lift, the burden on Khuff reservoir is increased to compensate and make-up.

The revised oil depletion strategy requires an increased gas injection at reservoirs to improve oil recovery.

Hence, Tatweer decided to install NCF as a long term solution to meet the NAG demand for Maudded Gas Injection (MGI) and Sales gas.

Source: saudigulfprojects.com

L&T Construction Awarded Contracts for its Various Businesses

by with No Comment News

The construction arm of L&T has secured orders from prestigious clients for its varied businesses.

Buildings & Factories Business:

The Commercial and Residential Spaces arm of Buildings & Factories business has won orders from a reputed developer to construct a residential project and an office space in Mumbai. The scope of the residential project includes construction of 2 towers comprising of G+45 Floors and having a built-up area of 10 lakh Sq. Ft. The scope of the office space includes construction of civil structure with a built up area of 5 Lakh sq.ft comprising 2 basements, G+37 floors. The Factories arm business has received an order from a leading global shipping & logistic company for the design and construction of warehousing logistics park at Mumbai. The scope of work includes construction of warehouses and associated infrastructure works. The Factories arm has also secured a prestigious order for construction of 4000TPD capacity clinker plant in Odisha. The scope involves civil, structural & mechanical works. The entire project is expected to be completed over a period of 24 months. Further the business has also received add on orders for ongoing projects in Andhra Pradesh, Karnataka & Tamil Nadu.

Water & Effluent Treatment Business:

The Water & Effluent Treatment business has secured an order from Punjab Water Supply & Sewerage Board, for providing 24×7 surface-based water supply to Patiala town. The project is part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme. The scope of the project includes design & construction of a water treatment plant of capacity 115 MLD, clear water reservoir, underground storage reservoir & pumping station, overhead storage reservoirs (OHSRs), raw & clear water pipelines, metered consumer connections, associated electromechanical & instrumentation, control & automation including measurement of input & output water quantity and quality through SCADA & other instrumentation works. The project is designed to cater safe & potable drinking water to Patiala benefitting 6.6 lakh population. This is the second order from the same customer during the year and the order adds another feather to the Water Management portfolio of the Business. Another order has been secured from Gujarat Water Infrastructure Limited for design, construction, and operation of Navda to Chavand bulk water transmission pipeline project in Gujarat. The scope of work comprises of construction of RCC sumps, pumphouses, supply and laying of MS Pipeline along with associated mechanical, electrical & instrumentation works. The project aims to supply additional 280 MLD of bulk water to mitigate the future demand of Amreli, Junagadh, Botad and Rajkot districts of Gujarat. A repeat order from Bangalore Water Supply and Sewerage Board has been secured by the business for the construction of ground level reservoirs with associated mechanical, electrical & instrumentation works, along western route (CP 13) of Bengaluru, Karnataka. The project funded by Japan International Cooperation Agency (JICA) is part of phase 3 of Bengaluru water supply & sewerage project.

Transportation Infrastructure Business:

Railways Strategic Business of Transportation Infrastructure has won order from National Capital Region Transport Corporation (NCRTC). The order involves manufacturing, supplying, installation and testing & commissioning of Pre-Cast ballastless Slab Track system along with associated works for Delhi – Meerut section (82 Kms) as part of Regional Rapid Transit System (RRTS) network of NCRTC. This shall be India’s first of its kind pre-Cast ballastless slab track project. It shall be constructed using specialized technology to be provided by M/s PORR (Austria). The track shall be constructed for a design speed of 180 KMPH. The project is to be completed in a period of 42 Months

Source: L&T Press Releases

Taiwanese dredging project awarded to Van Oord

by with No Comment News

Van Oord has been contracted to dredge the water intake basin of the Taiwanese Da Tan power plant. Cutter suction dredger HAM 218 and trailing suction hopper dredger HAM 318 will join forces on this project, which will kick off early 2021.

Driven by the growing demand for energy in Taiwan, the Da Tan power plant is currently being expanded by Hwa Chi Construction Co. Van Oord will deepen the existing water intake basin to increase its capacity to take in cooling water. Cutter suction dredger HAM 218 will be deployed for the dredging works.

Trailing suction hopper dredger HAM 318 will transport the dredged material from Da Tan, located on Taiwan’s northwest coast, to Taipei. It will be pumped ashore to reclaim a new port area, allowing the port in Taiwan’s capital to expand. Van Oord’s scope will be completed by mid-2021.

Van Oord has been active in Taiwan for many years. In 2017, it received the Golden Quality award for the successful execution of Kaohsiung’s port expansion. These reclamation works were completed 8 months ahead of schedule, enabling Taiwan’s largest port to grow.

Source: vanoord.com

Fluor’s Stork Awarded 5-Year Pipeline Maintenance Contract in Peru

by with No Comment News

Fluor Corporation announced today that Stork, part of Fluor’s Diversified Services segment, was awarded a new approximately five-year contract under the consortium of CMgP, Consorcio Mantenimiento de Gasoductos del Peru, (Stork Peru S.A.C. and SICIM S.P.A.) by Compañía Operadora de Gas, S.A.C – COGA in Peru. Fluor booked the undisclosed contract value in the third quarter of 2020.

Stork will provide integral pipeline maintenance services to the Sistema De Transporte De Gas Natural y Líquidos de Gas Natural de Camisea, operated by COGA.

The consortium will jointly plan, prepare and deliver geotechnical, construction and maintenance services for more than 1,500 kilometers of pipelines and for all relevant equipment and processing plants. The pipelines connect Peru’s main gas field Camisea to the Peruvian coast line and are of critical importance to the energy distribution of the country.

“Stork is honored to be selected by COGA for this important contract,” said Taco de Haan, Stork’s president. “Stork will provide service excellence according to the highest safety standards relying upon our vast experience in pipeline construction and maintenance in Latin America, as well as leverage our global expertise and network of specialists across Fluor, Stork and SICIM’s geotechnical expertise. This contract further solidifies Stork’s strong position and client confidence in Latin America allowing us to further grow our local employment in the communities in which we live and work.”

Pre-mobilization activities of this contract have started with execution expected to begin in the first quarter of 2021 and completion scheduled in mid-2026.

Source: fluor.com

Wood secures $75m Mariner contract with Equinor

by with No Comment News

Wood has further strengthened its relationship with Equinor by securing a new contract to support the international energy company’s operations at the Mariner field in the UK Continental Shelf (UKCS).

Wood has entered into a three-year agreement to deliver operations, maintenance, modifications, and offshore services on the Mariner A platform and Mariner B floating storage unit. The agreement, valued at around $75 million, will run for three years from January 2021 through to Q4 2023, with options to extend.

Craig Shanaghey, president of Wood’s operations services business in Europe and Africa, comments: “We are delighted to extend our strong partnership with Equinor to include support for their operations at the pioneering Mariner field.

“Wood has a long-standing track record of partnering with our clients to deliver safe, reliable, and optimised operations in the UKCS, and we look forward to extending that to include Mariner by leveraging our deep operational knowledge, experience, and digital capability.

“Mariner is still in its early years of production and, with Wood’s ambition to realise a digitally-enabled future, we see excellent potential to explore new opportunities that will promote a lifetime of sustainable and responsible operations at the field.”

Mariner is one of the most innovative offshore developments, supported by new digital solutions and the latest technologies, including automated drilling and digital twin solutions. The Mariner field is Equinor’s first operated development in the UK North Sea.

The contract builds upon Wood’s recent agreements with Equinor on the Kollsnes gas processing facility and Breidablikk tie-back development in Norway, strengthening the company’s position as a key delivery partner in the North Sea.

The work will be delivered by Wood’s Aberdeen-based onshore and offshore teams, with support from its global engineering community.

Source:woodplc

Stork Awarded 3-Year Maintenance Contract by Shell & Esso Joint Venture NAM in the Netherlands

by with No Comment News

Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a three-year maintenance contract by NAM (Nederlandse Aardolie Maatschappij), a joint venture between Shell and Esso, in the Netherlands. Fluor booked the undisclosed contract value in the third quarter of 2020.

Stork will provide all daily maintenance and rapid response services as well as deliver engineering, project and turnaround-related services for the three NAM onshore production areas including all greenfield and brownfield projects in the Netherlands.

“We are very pleased that NAM selected Stork to be their partner of choice for the coming years,” said Taco de Haan, president of Stork. “Stork is aligned with NAM’s commitment to be the world’s best late-life-asset operator in a rapidly changing energy market and we are fully committed to support NAM on its journey.”

“This award recognizes Stork’s ability to create value, be cost competitive and perform safely and with excellence in partnership with our clients,” said Alejandro Escalona, Stork’s regional vice president, Europe.

“I am looking forward to deepening the collaboration with our long-term partner Stork through these contracts. Stork offers great complementary capability to NAM and I am looking forward to jointly creating sector-leading performance in health, safety and environment, cost and operations up time,” said Wessel de Haas, asset manager, onshore for NAM.

The three-year maintenance contract began in August 2020 and has extension options. Stork has been providing maintenance solutions to NAM for more than 20 years.

Source: Fluor Corporation

BESIX and Jan De Nul awarded the expansion of the Port of Fujairah in Dibba (UAE)

by with No Comment News

Summary

  • A consortium of BESIX and Jan De Nul Group has been awarded part of the expansion plans of the Port of Fujairah, in the eponymous emirate of the UAE.
  • The design-and-build Dibba Bulk Handling Terminal Project includes dredging and constructing breakwaters, a quay wall and port infrastructure.
  • It was awarded by the Port of Fujairah (PoF), the world’s second largest bunkering hub, to expand and upgrade its bulk-handling capacity.

BESIX and Jan De Nul Group are helping to deliver the expansion of the port of Fujairah in Dibba, the second largest city of the emirate of Fujairah in the UAE, located along the Gulf of Oman. The works for the Dibba Bulk Handling Terminal Project were awarded to the consortium of Six Construct, BESIX’s entity in the Middle East, and Jan De Nul Group by the Port of Fujairah (PoF), one of the world’s key oil storage centres and the second-largest ship-bunkering hub in the world.

The design-and-build contract consists of dredging the navigation channel and port basin, reclamation and shore protection, as well as constructing breakwaters, a 765 m long quay wall, foundations for ship loader rails, port infrastructure and creating utilities and aids to navigation. The fishing harbour will be relocated in the process.

The expansion plans are part of PoF’s strategy to increase the port’s bulk handling capacity and operational efficiency, as well as improve the quality of its service, which is considered among the best in the world.

The consortium’s approach to optimise the design by providing ‘value engineering’, along with the newly-established Central Marine Support department, presented a strong, competitive solution to the client.

The contract is valued at 371 million AED (90.4 million EUR). Works will be carried out over 19 months.

Source: BESIX

Rosetti Marino awarded an EPC Contract from Chantiers de l’Atlantique

by with No Comment News

Rosetti Marino has been awarded an EPC Contract from Chantiers de l’Atlantique for a second Jacket, this time for the offshore wind farm of Fecamp in France. The jacket, about 60 meters high and with an estimated weight of 1500 tons, will be built at the Piomboni shipyard in Ravenna, where construction of the first jacket for the Saint Nazaire offshore wind farm is currently underway. The project development is being led by EDF Renouvelables through the Éolien Maritime France (EMF) consortium.

Source: Rosetti Marino

woodgroup

Wood secures $84m contract for Equinor’s Breidablikk development

by with No Comment News

Wood has been awarded a contract to provide EPCI (engineering, procurement, construction, and installation) services in Norway.

Under the $84m contract, Wood will deliver all topside modifications at Equinor’s Grane installation in preparation for the tie-back of the Breidablikk subsea development. Modifications will include the integration of new pipelines and an umbilical, as well as increasing capacity for produced water at the facility. The majority of the preparatory work will be carried out by Wood’s teams in Sandefjord and Stavanger in Norway.

The work has been awarded following successful delivery of the FEED study, which was awarded with an option for the EPCI scope in 2019.

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia and Australia, comments: “We are pleased to support the development of the Breidablikk tie-in project, which aligns with our ambition to support our clients with realising the full potential of their project portfolios.

“We have built a strong working relationship with Equinor over more than two decades and we look forward to continuing our track record as a key contributor to this impressive project.”

Lars Fredrik Bakke, Wood’s senior vice president in Norway, adds: “Our involvement in this project allows us to leverage the maintenance, modifications, and operational expertise within our Norway organisation to ensure the successful integration of this subsea tie-back.

“Winning this contract strengthens our position as a key partner in extending production from existing infrastructure, both in Norway and globally.”

The Breidablikk discovery will be developed as a subsea field with a tie-back to the Grane platform. The preparatory tie-in modifications at the Grane installation will be completed in the first half of 2024.

This contract is subject to final approval of the development by Norwegian authorities.

Source: WoodPlc

Petrofac_3

Petrofac’s Engineering and Production Services (EPS) business secured a multi-million dollar Integrated Services Contract with Ithaca Energy

by with No Comment News

Petrofac’s Engineering and Production Services (EPS) business today announces the award of a multi-million dollar Integrated Services Contract with Ithaca Energy (Ithaca).

In a new five-year deal, Petrofac will integrate operations, maintenance, engineering, construction, and onshore and offshore technical support across Ithaca’s North Sea operated asset base.

The contract extends Petrofac’s existing working relationship with Ithaca, as well as the duration and breadth of services it provides for the Alba, Captain, Erskine and FPF-1 assets, building on the operations, engineering and support services it has been providing since 2011.

Having expanded its in-house capabilities, Ithaca will assume Safety Case responsibility for the FPF-1 asset, whilst Petrofac continues to provide all services and 96 offshore team members for the asset under the new contract.

Commenting, Nick Shorten, Managing Director for Petrofac’s EPS business in the Western Hemisphere, said: “Now more than ever, it is vital that operators can have confidence in the supply chain to generate value for them. We’re achieving this for our clients by combining our integrated approach with the latest digital technology to drive efficiencies and increase productivity.

Source: Petrofac

larsen and toubro2

L&T Construction Awarded Contracts for its Various Businesses

by with No Comment News

The construction arm of L&T has secured orders from prestigious clients for its varied businesses.

Buildings & Factories Business:

The Buildings & Factories Business of L&T Construction has secured a Design & Build Lump-sum Turnkey order from a prestigious client in India to construct a Grade – A office space in two locations in Bangalore, with a total built-up area of 2 million sq. ft with 3 Basements + Ground + 13 floors configuration. Total seating capacity of both the projects combined will be 14,600. The scope of works includes civil / structure works, MEP, façade works, common area finishes and external development works.

As a part of the sustainable and green design initiatives, the project will be a Gold LEED certified building upon completion.

Water & Effluent Treatment Business:

The Water & Effluent Treatment Business of L&T Construction has secured an order from Punjab Water Supply & Sewerage Board, Punjab, to provide surface-based bulk drinking water supply to Jalandhar town on design, build, operate and transfer basis. The project is part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme. The aggregate scope of the project includes design and construction of a raw water storage and sedimentation tank, raw water settling tank cum pumphouse, water treatment plant of capacity 275 MLD, clear water reservoir, underground storage reservoirs and pumping stations, raw and clear water transmission pipelines, associated electromechanical and instrumentation, control and automation works. The project involves automation including measuring input and output water quantity and quality through suitable SCADA and other instrumentation works. The project is designed to cater safe and potable bulk drinking water to Jalandhar benefitting 13.8 lakh population and will help convert existing ground-based water supply system in the town to a surface-based system. L&T GeoStructure: L&T GeoStructure has been awarded projects to construct Down and Up Lines (Package 1 & 2) of a bypass grade separator in Katni district, Madhya Pradesh. The scope involves constructing about 2800 piles, pile caps, piers, pier caps, superstructure, embankment with retaining walls, etc. The project duration is 36 months.

Source: L&T Press Release

l&T

L&T Construction awarded Contracts for its Power Transmission & Distribution Business

by with No Comment News

L&T’s Power Transmission & Distribution Business has won a prestigious package to establish transmission lines and substations associated with a major infrastructure project in Telangana. The scope of the package involves establishing three new 400 kV Substations with Reactors, associated bay extensions at connected substations and more than 170 km of 400 kV Transmission Links, on a turnkey basis.

Another order has been secured from Konkan Railway Corporation Limited to provide Electrical & Mechanical Systems for two tunnels in the Katra Dharam section of the Udhampur Srinagar Baramulla rail link project. The scope of the package involves 33 kV & 11 kV HT power cable network, GIS substation, DG sets, tunnel lighting, ventilation & firefighting systems, and SCADA system.

A Power Distribution package to replace bare conductors with Aerial Bunched Cables has been received from North India. Additional orders have been received from ongoing transmission line projects. In Oman, the business has bagged a package to construct 400 kV Overhead Lines connecting three Grid Stations.

These high capacity transmission lines will interconnect three major transmission systems to improve dispatch coordination and grid security. These will also enhance access to areas with renewable energy potential and enable reserves sharing. A repeat order has been received from a reputed client in the Middle East.

Source: Larsen & Toubro Press Releases

kbr 2

KBR Wins $75M Contract to Enhance Navy Bases in Djibouti, Africa

by with No Comment News

KBR has been awarded a $75 million recompete contract by Naval Facilities Engineering Command Europe Africa Central to enhance infrastructure at multiple bases in Djibouti, Africa.

Under this five-year, indefinite-delivery/indefinite-quantity contract, KBR will provide engineering, design, construction, renovations, repairs, maintenance, demolition and other services at both Camp Lemonnier, and its associated Chabelley Airfield.

This work complements KBR’s premier base operating support throughout Africa. Notably, the company has provided base operating support services at Camp Lemonnier since 2013, with work in the region dating back to 2002.

While performing key services in Africa, the KBR team has achieved more than 25 million hours without a lost-time safety incident, a salute to KBR’s commitment to sustainability and safety.

Source: KBR Press Release

Adnoc-Petropipe

ADNOC Invests US$ 3.5 BN to Upgrade Ruwais Refining Capabilities and Maximize Value for Abu Dhabi and the UAE

by with No Comment News

The Abu Dhabi National Oil Company (ADNOC) confirms significant progress made on its “Crude Flexibility Project” (CFP), with 73% project delivery of ADNOC’s ongoing upgrade of refining capabilities in Ruwais and strengthening the role of Ruwais as a critical driver for industrial growth for Abu Dhabi and the UAE.

For more than 40 years, ADNOC has predominantly refined Murban grade crude, extracted from its onshore fields in the Emirate of Abu Dhabi. The CFP allows for the Upper Zakum grade, extracted from Abu Dhabi’s offshore oil fields, to be processed along with over 50 other types of different crudes. 

H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO said: “We continue to focus on stretching the margin of every barrel of oil we produce to maximize the value of our resources, while also making responsible investments in the current market environment. This investment is another step in our progress to develop Ruwais into a dynamic, global hub for downstream activity, further strengthening ADNOC’s role as a key driver of the UAE’s long-term industrial growth and economic diversification”.

In 2018, ADNOC announced plans to diversify the feedstocks it processes. The US$ 3.5 BN (AED 12.8 BN) CFP upgrade initiative is a core driver of ADNOC Downstream’s 2030 smart growth strategy. The project will increase the value ADNOC derives from every barrel of oil, both by boosting refining margins and by leaving more high-value Murban crude available for export. 

Much of the physical infrastructure required for the CFP has now been put in place. Major structural elements, notably 2 new fractionators and 24 atmospheric residue desulfurizer reactors have been installed at the site over the past two months. Each of the 317-ton fractionators was transported to the UAE from South Korea. Installing the 80-meter structures took three weeks across June and July 2020. They will serve to separate the component products within the crude oil to allow for further refining. 

Upon completion in mid-2022, the CFP will allow ADNOC to process up to 420,000 bpsd (Barrels per Stream Day) of heavier and sourer grades of crude oil, as part of the 840,000 bpsd refinery in Ruwais.

The development of a more flexible and adaptive refining capability in Ruwais represents a cornerstone of ADNOC Downstream’s 2030 smart growth strategy, launched at ADNOC’s Downstream Investment Forum in 2018. Since the Forum, ADNOC has attracted significant foreign investment to Ruwais and expanded its downstream partnerships across its refining, fertilizer, and pipeline assets. ADNOC continues to deliver on the expansion of its downstream business in the UAE, which will see the Ruwais industrial hub transformed into a globally competitive chemicals cluster, leveraging the UAE’s close geographic proximity to global growth markets, access to competitive feedstocks, streamlined utilities and services offer, as well as Abu Dhabi’s attractive fiscal and regulatory environment. Investment at Ruwais will stimulate private sector activity and support long-term specialized employment opportunities, particularly in Al Dhafra.

ADNOC Refining produces more than 40 million metric tons of high-quality refined products to markets around the world. It refines up to 922,000 barrels of crude oil and condensate per day into various products, including LPG (Liquefied Petroleum Gas), naphtha, gasoline, jet fuel, gas oil, base oil and petrochemical feedstocks such as propylene. It also produces specialty products such as carbon black and anode grade coke. Since 2019 ADNOC Refining has been run as a joint venture company between ADNOC and the European energy firms Eni and OMV. 

Source: ADNOC 

JGC -Petropipe

JGC Receives Order for Refinery Upgrading Project in Iraq -Contributing to reconstruction and economic development in Iraq

by with No Comment News

JGC Holdings Corporation announced that JGC Corporation, which operates the overseas engineering, procurement, and construction (EPC) business of the JGC Group, has been received the Letter of Award for the Basrah Refinery Upgrading Project for an Iraqi oil refining company under the Iraqi Ministry of Oil. Details of the project are as follows.

1. ClientSouth Refineries Company(Oil refining company under the Iraqi Ministry of Oil)
2. Construction locationBasrah, Republic of Iraq(Approx. 550 km SE of the capital of Baghdad)
3. Primary equipment(processing abilities)Fluid catalytic cracking unit (34,500 barrels/day),
vacuum distillation unit (55,000 barrels/day),
diesel desulfurization unit (40,000 barrels/day), etc.
4. Contract servicesEngineering, procurement, construction and commissioning
5. Contract typeLump sum contract
6. Order amountApprox. 400 billion JPY
7. Scheduled completion2025

Iraq is one of the world’s leading oil-producing countries, with a confirmed crude oil reserve of 145 billion barrels and a daily crude oil production of 4.41 million barrels. However, the two refineries currently in operation were constructed in the 1970s and their production capacity has decreased due to war damage and deterioration. Unable to meet domestic demand for petroleum products, Iraq has to import petroleum products such as gasoline.

This upgrading of the Basrah refinery will newly install, on land adjacent to the existing Basrah refinery, fluid catalytic cracking unit, vacuum distillation unit, and diesel desulfurization unit, etc., thereby increasing production to 19,000 barrels/day of gasoline and 36,000 barrels/day of diesel fuel, making it possible to reduce the gap in supply and demand for petroleum products. In addition, the petroleum products produced at the modernized refinery will meet international environmental standards and it is expected that they will contribute to reducing the environmental impact. This project is positioned as spearheading the modernization and sophistication of Iraq’s oil refining sector.

Funding for the project will be procured through Japanese ODA loans from the Japan International Cooperation Agency (JICA), and is the largest-scale reconstruction assistance from Japan since the 2003 Iraq War.

In carrying out this project, the Group plans to conduct skills training for more than 1,000 Iraqis and to hire approximately 7,000 skilled Iraqi workers. Furthermore, it is expected that more than 2,000 operating personnel jobs will be created after the project’s completion, which will contribute to solving the unemployment problem in Iraq.

The Group completed a power station reconstruction project in Iraq in 2013, and this is the Group’s second project in Iraq. The Group will contribute to the reconstruction and economic development of Iraq through the successful completion of this project.

Source:  JGC Holdings Corporation

ADNOC- Petropipe

ADNOC L&S and Wanhua Chemical Group form Strategic Shipping Joint Venture

by with No Comment News

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced the formation of a new strategic joint venture (JV) with Wanhua Chemical Group (Wanhua). The new company named AW Shipping Limited is incorporated in Abu Dhabi Global Market (ADGM) in the United Arab Emirates (UAE). 

This strategic JV agreement further strengthens the collaboration between ADNOC and Chinese companies and builds on the deep-rooted bilateral relations between China and the UAE. The JV underscores ADNOC’s focus on value-creating deals and will support the delivery of its 2030 smart growth strategy. 

AW Shipping Limited (AW Shipping) will own and operate a fleet of very large gas carriers (VLGCs) and modern product tankers. The company will be responsible for transporting LPG cargoes and other petroleum products, sourced from the ADNOC Group and global suppliers, to Wanhua Group’s manufacturing bases in China and around the world. To deliver maximum fleet efficiency, the company may also pursue other market opportunities.

H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, said: “We are very pleased to establish this strategic joint venture with Wanhua Chemical Group. This creative win-win partnership strengthens our growing relationship and will deliver greater value and efficiency for both our organizations. Importantly, the JV further solidifies ADNOC L&S’ position as the largest, fully integrated logistics and shipping company in the UAE and paves the way for the transportation of greater LPG volumes to China, in line with market demand. 

The establishment of AW Shipping supports ADNOC’s smart growth and value creation strategy and is another example of how ADNOC is stretching the margin from every molecule that we produce, refine, ship and sell, while also forging stronger partnerships in key growth markets.” 

The formation of AW Shipping follows a 10-year liquefied petroleum gas (LPG) supply contract signed between ADNOC and Wanhua in November 2018.  

ADNOC L&S is a crucial enabler in the ADNOC value chain, delivering oil, gas, and petroleum products to customers across the world. It owns and operates the UAE’s largest shipping fleet, which it expects to grow further in the coming years as ADNOC increases its upstream and downstream production capacity, and enters into trading. 

Mr. Liao Zengtai, Chairman of Wanhua Chemical Group, said: “We are very glad that joint venture has been established with the concerted efforts of both parties. The new company will strengthen the strategic cooperation between ADNOC and Wanhua and will also ensure the stable supply of LPG cargoes and other petroleum products for Wanhua system. More importantly, the cooperation will make contribution to the “One Belt, One Road” project.”

ADNOC L&S was formed in late 2016 from three ADNOC subsidiaries, ADNATCO, IRSHAD, and ESNAAD. The integration created synergies between shipping, marine services, offshore logistics, and onshore logistics to create the largest integrated shipping and maritime logistics company in the GCC. ADNOC L&S provides safe, reliable and cost-competitive maritime and logistic solutions to ADNOC Group companies and to more than 100 global customers. 

The company creates value for its customers and partners through four major activities; firstly, shipping activities, either with its own vessels or via chartering, which includes crude and refined products, dry bulk, and LNG transport. Secondly, marine service activities which comprise petroleum port operations, diving, and oil spill response. Thirdly, offshore logistics activities that include offshore support vessels and an integrated logistics base in Mussafah, Abu Dhabi, one of the largest in the region. Finally, onshore activities which consist of a marine passenger terminal and a container terminal.

Last year, ADNOC L&S transported over 20 million metric tonnes of various oil & gas products and dry bulk commodities.

Wanhua Group is one of the world’s leading producers for methylene diphenyl diisocyanate (MDI) a key ingredient in the manufacture of high-performance adhesives and synthetic fibers, which go into a wide range of industries.

Source: ADNOC